News / USA

House Postpones Vote on Republican Debt Ceiling Plan

House Speaker John Boehner of Ohio, second from right, and fellow House Republicans leave a news conference on Capitol Hill in Washington, Thursday, July 28, 2011. From left are, Rep. Jeb Hensarling, R-Texas, House Majority Leader Eric Cantor of Va., Rep.
House Speaker John Boehner of Ohio, second from right, and fellow House Republicans leave a news conference on Capitol Hill in Washington, Thursday, July 28, 2011. From left are, Rep. Jeb Hensarling, R-Texas, House Majority Leader Eric Cantor of Va., Rep.
TEXT SIZE - +
Cindy Saine

The U.S. House of Representatives has delayed a vote on a Republican plan to cut government spending and raise the federal borrowing limit in two stages.  With only five days until a potential default on the national debt, drama reached a peak in the House late Thursday, as the Republican Speaker of the House, John Boehner, postponed the vote amid reports he did not have enough support among his own Republican caucus to pass it.

The vote on the bill proposed by House Speaker John Boehner was scheduled for early evening, Washington, D.C. time. But after two hours of debate on the “Budget Control” bill, instead of voting on it, the Republican-controlled House suddenly turned its attention to bills on re-naming post offices.

The House then recessed for several hours, amid reports that Speaker Boehner did not have the 217 votes he needed to pass the measure among his 240 Republican caucus members. 

Individual Republican lawmakers were seen entering and leaving the Speaker's office, amid speculation Boehner was holding one-on-one-consultations with anti-government Tea Party supporters, who have opposed the bill because they feel it does not cut spending enough.

Emerging from the Speaker's office, Republican Congressman Louie Gohmert of Texas told reporters he was still a “bloodied, but beaten NO” vote.

Earlier Thursday, Speaker Boehner appeared confident at a news conference.

“Today the House will take action, again, on a solution to end the debt limit crisis.  We will take action again, just like we did on our budget, on solutions to the problems that are facing our nation,” he said.

A number of Republican lawmakers took the floor to call for passage of the Boehner "Budget Control" bill,  which would cut government spending by a larger amount than it would increase the debt limit.  Republican Budget Committee Chairman Paul Ryan said the $14.3 trillion U.S. debt is not only endangering the future for America's children, but that all of that borrowed money and the interest paid on it are hurting the U.S. economy right now.

"Half of that money is coming from other other countries like China.  Why on earth do we want to give the president a blank check, to keep doing that, giving our sovereignty and our self-determination to other countries to loan us money to fund our government," said Ryan. "Those days have got to end."

Several Republican lawmakers said the bill was not perfect, but that it was a compromise and the best chance to avoid default.  House Minority Whip Steny Hoyer and other Democrats strongly disagreed, saying  the bill was not bipartisan and not a compromise.

"There is no common ground here, nor was it sought.  We find ourselves at an unprecedented place today.  Americans stand on the brink of default," said Hoyer. "It stands there my friends,  because the leadership of the House has failed to act in a timely and responsible way."

Congressman James Clyburn summed up the view of most Democratic lawmakers.

"While the clock is ticking, the Republican majority is dickering and the American people are hurting.  Our financial markets are on pace for their worst week in nearly a year.  State governments are bracing for downgrades in their borrowing capacities," he said.

Analysts see the postponement of the House vote as a political embarrassment for Boehner, and an indication that the Tea Party members of his caucus may oppose any raising of the debt ceiling.

On the Senate side, 53 senators have signed a letter saying they will not vote for the Boehner plan, so analysts says the House measure has virtually no chance of passing the Senate, even if the Speaker manages to get it passed in the House on Friday.  Senate Majority leader Harry Reid has put forward his own plan to raise the debt limit and cut spending, and it has been endorsed by President Barack Obama.

Without a deal on some kind of plan to raise the $14.3 trillion legal limit on borrowing by the deadline, the Treasury Department says it will not have enough money to pay all of its bills starting August 2. That could bring a default that would likely prompt rating agencies to cut the U.S. credit rating, bringing higher interest rates and hurting economic growth.


You May Like

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid